Jane Fonda has voiced strong concerns about Netflix‘s planned $82.7 billion acquisition of Warner Bros. On Friday evening, Fonda shared a statement on Instagram alongside the Committee for the First Amendment, describing the deal as an “alarming escalation of consolidation” that could threaten the entertainment industry, the public, and free speech rights.

The statement warned, “Make no mistake, this is not just a catastrophic business deal that could destroy our creative industry. It is a constitutional crisis exacerbated by the administration’s demonstrated disregard for the law.” Fonda also addressed the Department of Justice, urging officials not to use their authority to influence content decisions or restrict free speech.

Fonda called on Netflix and other companies involved to protect the industry’s tradition of free expression, stating, “As stewards of an industry built on free expression, you have a responsibility to defend our rights, not trade them away to pad your pockets. We know there will be enormous pressure to acquiesce, it is critical you stay strong.”

If completed, the deal would give Netflix control over Warner Bros.‘ film and television studios, as well as HBO and HBO Max. The acquisition is subject to regulatory approval. Ted Sarandos, Netflix’s co-CEO, said in a press release that combining Warner Bros.’ library—including classics like Casablanca and Citizen Kane, and modern hits like Harry Potter and Friends—with Netflix’s own titles would allow the company to better serve audiences and shape the future of storytelling. The company also stated it expects to continue releasing Warner Bros. films in theaters.

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